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Introduction: At China's regular press conference, a Bloomberg reporter asked a question about Trump's plan to impose 60% tariffs on China, asking China's views on this. The question is clearly pertinent, but the imposition of tariffs is not sustainable for the United States itself. The tariffs imposed during the Trump era have put enormous economic pressure on American businesses and consumers, and they have not materially changed the deficit. In contrast, the mutual benefit and win-win situation of China-US economic and trade cooperation is the right choice. China's response was very clever and did not fall into the trap set by American journalists, and at the same time showed China's positive attitude towards China-US economic and trade cooperation. At present, China-US relations are facing many challenges and obstacles, but only mutual respect and equal treatment can promote the healthy development of China-US relations.
After Trump took office, in order to reverse the situation of the United States' deficit with China, he implemented a series of policies to impose tariffs. Trump sees the United States as a corporation and other countries as business competitors. However, relations between countries are more complex and not limited to the economic sphere. Trump's drastic tax hikes have backfired, not only disrupting the global chain, but also placing a heavy burden on U.S. businesses and consumers. The cost of tariffs is borne entirely by the United States, not China. Trump's unilateralist approach has also been criticized by the international community.
During Trump's tenure, the economic and trade frictions between China and the United States have escalated, and the war between the two countries has lasted for a long time. The purpose of Trump's tariffs is to reduce the deficit with China, but the actual effect is not obvious. China's demand for U.S. goods remains high, and U.S. dependence on Chinese goods is increasing. According to the data of the General Administration of Customs of China, the amount of China and the United States has reached 7,594 in 2022$2.7 billion, a record high. This fully shows that China-US economic cooperation has great potential and is favored and supported by market players in both countries.
Since Biden took office, he has been studying the cancellation or partial cancellation of the tariffs imposed on China. Biden hopes to use this to ease the pressure on the U.S. economy. However, due to pressure from the Republican Party, Biden has not been able to completely cancel the tariffs on China. This also reflects the differences and struggles in the United States on China policy.
On the issue of tariffs, Democrats and Republicans have different views and strategic considerations. Republicans tend to take a tough stance on China, arguing that tariffs are an effective means of changing China's behavior. The Democratic Party, on the other hand, prefers to solve the problem through dialogue and cooperation, believing that the imposition of tariffs will only harm the interests of the United States itself. Biden has faced pressure from two political parties, and it has been difficult to make a breakthrough on the issue of tariffs on China.
China's spokesman Wang Wenbin responded at a press conference that Trump's mention of tariffs on Chinese goods was unconfirmed, so he would not comment on it. This response is very clever, on the one hand, to avoid falling into a trap, and on the other hand, it also shows China's attitude towards China-US economic and trade cooperation. The essence of China-US economic and trade cooperation is mutual benefit and win-win results, which is in the fundamental interests of both sides and is conducive to the growth of the global economy. This view has been widely shared by the international community.
China has always advocated the principle of cooperation and mutual benefit. In the economic and trade fields between China and the United States, the two countries are highly complementary, and mutual cooperation can achieve a win-win situation. Whether it is internationalization, global economic governance, or promoting sustainable development, China-US cooperation has great potential. Many U.S. dignitaries also have a clear understanding of the importance of the U.S.-China relationship, emphasizing that China and the United States can coexist and work together to promote world prosperity and stability.
However, the U.S.-China relationship is currently facing many challenges and obstacles. The United States tends to equate various issues with ideology, which has brought great trouble to Sino-US interactions. It is for this reason that China has repeatedly reminded the United States that the two countries can achieve mutual benefit and win-win results in the economic and trade fields. It is the consensus of the international community that there is great potential for Sino-US economic and trade cooperation. Only when the two sides respect each other and treat each other as equals can we promote the healthy development of Sino-US relations.
Conclusion: Trump's tariff policy has brought a heavy burden to American businesses and consumers, while Biden is facing pressure from two political parties, and it is difficult to make a breakthrough in the tariff issue against China. The Chinese side declined to comment on Trump's mention of tariffs on Chinese goods, while emphasizing that the essence of China-US economic and trade cooperation is mutual benefit and win-win results. The potential of China-US economic cooperation is huge, and the two sides should respect each other, treat each other as equals, and jointly promote the healthy development of China-US relations. Only in this way can we achieve true mutual benefit and win-win results.
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